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Sanilac County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Sanilac County, Michigan based on real HMDA transaction records.

Loan Details

Sanilac County, MI Benchmarks

FHA averages
Typical Property Value$209,793
Average Down Payment12.2%
Average Interest Rate6.461%
Effective Tax Rate0.80%
Median Tax Paid$1,520/yr
Tax Growth (Historical)-0.9%
Based on 121 regional loans totaling $21,005,000 (HMDA database).
$
%

$25,595 down · $184,198 financed

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$140 / month

$

Annual premium

$

Per month

%

$78 / month

Estimated Monthly Payment

$1,548/mo

  • Principal & Interest$1,180
  • Property Tax$140
  • Home Insurance$150
  • FHA MIP$78
Amortization · Remaining Balance

Financed Loan Amount

$187,422

Total Interest

$237,273

Total of Payments

$424,694

*Includes financed FHA Upfront MIP of $3,223

Local Market Insights

Sanilac County FHA Mortgage Overview

For Sanilac County homebuyers using an FHA loan, the 12.20% average down payment on a $209,793 property provides accessible entry. However, with an 87.80% loan-to-value ratio, mandatory Mortgage Insurance Premiums (MIP) apply for the loan's life, regardless of this down payment. The 0.80% effective property tax rate is manageable, and the recent -0.9% inflation-adjusted tax change offers slight monthly relief. This data reflects 100% owner-occupied purchases, ideal for buyers with sub-620 credit seeking a Sanilac County FHA loan with PMI and taxes.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.